Merv’s Daily Uranium Index
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
The Merv’s Daily Uranium Index closed higher by 0.05 points or 0.03%. Boy, at that rate we’ll never get anywhere. There were 20 winners, 22 losers and 8 doing nothing. Cameco lost 1.1%, Extract lost 1.1%, Paladin gained 0.8%, Uranium One lost 2.6% and USEC gained 0.6%. The best winner was Ucore Uranium with a gain of 20.0% while the loser of the day was Khan Resources again with a loss of 13.9%. Market Vectors Nuclear Energy ETF gained 0.5%.
With that stupendous advance nothing in the indicators has changed from yesterday so the intermediate term remains BULLISH while the short term remains – NEUTRAL in ratings.
As for the immediate direction of least resistance, I’ll stick with the lateral direction for another day.